General Motors, Ford, Toyota Post February Sales Declines

March 11,2008

Major automakers in the U.S. reported disappointing sales results for the month of February. General Motors Corp., the world's largest automaker, posted a 13.3% decrease in its U.S. sales, with car sales slipping 1.2% and truck sales down 19.7%. Ford Motor Co. (F) said sales decreased 6.9% from last year. For Toyota Motor Sales USA Inc. (TM), February sales declined 6.6%. However, Nissan North America Inc. (NSANY, NSANF.PK) and American Honda Motor Co. Inc. (HMC) reported increases in their monthly sales from the previous year. Additionally, GM North America said its first-quarter production forecast remains unchanged, while the company expects second-quarter production to decline about 5% from last year.

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